- What if I want to buy or sell more than one single counterparty can trade at one price in one go?
- Which quote from the hundreds of different dealer and bullion banks most nearly represents "the market price" on any given day?
- How do I...as a miner, central bank, jeweller or investment fund...then value my outstanding holdings?
Does anyone outside an election manifesto or North Korea really propose markets should work some other way? Remember: no one forces anyone to trade at the Fix. Clients can withdraw orders and place them elsewhere if they choose. The bullion banks making the market are not a public service. But where they find they must make one side of the market entirely, and do all the buying (or selling) to match the one-way traffic from Fixing clients, they risk losing that day's Fixing business if they bid too low (or offer too high). Because customers will simply go elsewhere, to Comex futures, the big ETF trust funds, or OTC spot with another dealer.